GLOBAL WEARABLE /SMARTWATCH OLED DISPLAY MARKET
OLED technology has become the industry standard for wearable devices, including fitness bands, smartwatches, and VR headsets, because of its excellent image quality, low power consumption, and flexible design.
In recent years, wearable OLEDs have taken the lead in the wearable and smart technology sectors. There is a potential that you are even wearing or using one of them.
Wearable OLEDs are being added to watches, activity trackers, and even eyewear. Wearable technology must include a number of distinct characteristics in order to function effectively and delight consumers.
Important considerations include things like contrast, weight, profile thickness, and battery life. Unsurprisingly, OLED screens satisfy all of these unique needs as well as more.
GLOBAL WEARABLE /SMARTWATCH OLED DISPLAY MARKET SIZE AND FORECAST
The global wearable / smartwatch OLED display market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
NEW PRODUCT LAUNCH
New display panel components, according to Japan Display, will start being produced. They considerably reduce power consumption and increase battery life in consumer devices such as smart watches.
The company, which counts Apple among its top clients, is in “discussions with a number of customers and wants to commence mass production.” It makes the tiny displays used in smartphones, automobiles, and other devices.
One of the layers in an LCD is made up of the component known as a backplane, which is covered in small transistors. OLED displays also employ them. Japan Display’s innovative backplane is appropriate for virtual reality devices since it uses up to 40% less power than traditional components and boosts screen resolution.
The Garmin Vivomove Sport smartwatch was introduced. It is a hybrid smartwatch with an OLED display and hands that tick like an analogue watch. The wearable, according to Garmin, performs a wide range of health monitoring tasks, such as tracking heart rate, stress and blood oxygen levels, sleep quality, and hydration levels.
The 40mm dial size option of the Garmin Vivomove Sport has been introduced, along with a silicone strap. The watch has a fiber-reinforced polymer chassis and an OLED display covered by chemically toughened glass. It has a touchscreen display and analogue hands.
The most recent version of TCL’s wearable display smart glasses are on exhibit. The new NxtWear Air, which should not be confused with a virtual or augmented reality headset, are just a wearable display in the shape of a pair of sunglasses.
The 1080p tiny OLED screens, which have been upgraded from earlier generations, are created to feel and look like a personal 140-inch monitor when wearing the glasses. The new wearable display glasses provide spatial audio via speakers mounted in the arms, and one may also attach cable or Bluetooth headphones. They link to a DisplayPort-compatible smartphone, tablet, or laptop.
The Fossil Gen 6 watches were announced by Fossil. The Gen 6 Fossil watches are the first products from the brand to be shipped with Qualcomm’s Snapdragon Wear 4100+, an ARM CPU with a Cortex A53 core that is 12 nm in size.
There is now a low-power co-process on the SoC that can handle tasks like health tracking without waking up the powerful cores, as indicated by the “plus” at the end of the 4100 model number. The upgraded SoC appears to be the only improvement over the gen 5 watches. 1.28-inch OLED display, 1GB of RAM, and 8GB of storage are all still present.
In 30 minutes, the battery charges to 80% capacity. GPS, NFC, Wi-Fi, a PPG heart rate sensor, and water resistance are all features of the watch.
OLED panels from Samsung Display have only been utilised in Samsung’s Galaxy smartwatches, which provide great image quality. For the Galaxy Watch 6, Samsung is in discussions with BOE, a Chinese display maker. It’s anticipated that the smartwatch will launch soon.
According to reports, the biggest display company in China has received an official request from Samsung Electronics, and the two businesses are now coordinating the manufacturing plan.
By integrating with Samsung’s Tizen wearable operating system, Google is starting over and creating a new wearable OS that it has informally dubbed “Wear.” The business has decided to abandon Wear OS. It’s trying once more, and this time Samsung’s Tizen OS is filling in the gaps that, for whatever reason, Google can’t.
Additionally, it may be possible to acquire Samsung’s semiconductor knowledge for upcoming smartwatch processors, which would undoubtedly help with the company’s historical problems with Qualcomm.
Rapid adoption of OLED displays in smartphones, significant investments in building new facilities to manufacture OLED panels, high demand for better viewing experience, especially from smartphone and television consumers, rapid advances in OLED technology, increased demand for AMOLED displays in AR/VR headset applications, and financial support from governments worldwide for OLED lighting research are the key driving factors for the OLED market.
OLED technology is gaining momentum in general lighting applications owing to superior performance and wide light source coverage offered by it. OLED lighting products are energy-efficient and are deployed in green buildings. The general lighting segment is expected to continue to account for the larger size of the OLED lighting.
The higher growth of the automotive lighting segment can be attributed to the high demand from luxury car manufacturers for premium quality lightings, along with a rise in the number of collaborations of OLED manufacturers with leading automotive companies for the development of flexible lightings for vehicles.
Moreover, various display panel manufacturers have reported an increase in the sale of mobile displays due to new product launches and an improved supply-demand environment for large panels even during the pandemic. Thus, smartphones, televisions, and smart wearables (especially smartwatches and VR HMDs) would be the major product categories driving the growth of the consumer segment during the forecast period.
The consumer electronics market is growing at a very fast speed with remarkable advancements in technology, such as improving picture clarity in large-screen TVs and the evolution of smartphones. OLED technology enables the development of these advanced products.
Factors driving the demand for OLED products in the consumer segment include technological advancements in consumer devices and economic growth worldwide. Smartphones and television sets use OLED display extensively.
APAC is leading the OLED market in terms of market share owing to the high demand for OLED display panels from smartphone vendors and OEMs in China, Japan, Taiwan, and South Korea. Additionally, several key original brand manufacturers and the majority of display manufacturers are based in APAC.
Many operations, such as R&D, manufacturing, and assembly, related to OLED displays are being shifted to China owing to the low cost of logistics operations associated with the delivery of end products in the OLED display market. China is also emerging as a leading consumer product manufacturing hub with local players expanding their market share in all segments.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Wearable /Smartwatch OLED Display are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- Cost breakup of a Global Wearable /Smartwatch OLED Display and key vendor selection criteria
- Where is the Wearable /Smartwatch OLED Display manufactured? What is the average margin per unit?
- Market share of Global Wearable /Smartwatch OLED Display market manufacturers and their upcoming products
- Cost advantage for OEMs who manufacture Global Wearable /Smartwatch OLED Display in-house
- key predictions for next 5 years in Global Wearable /Smartwatch OLED Display market
- Average B-2-B Wearable /Smartwatch OLED Display market price in all segments
- Latest trends in Wearable /Smartwatch OLED Display market, by every market segment
- The market size (both volume and value) of the Wearable /Smartwatch OLED Display market in 2022-2030 and every year in between?
- Production breakup of Wearable /Smartwatch OLED Display market, by suppliers and their OEM relationship